Cambridge provides $10.5m loan to refinance 300-bed nursing facility

Cambridge Realty Capital Companies has arranged a $10.5 million FHA-insured HUD loan to refinance and provide funding for construction and substantial rehabilitation at Alden Wentworth, a 300-bed skilled nursing home. Chairman Jeffrey Davis said the 40-year term loan was funded using HUD's section 232 program. The loan was underwritten for the owner, an Illinois limited liability company, by Cambridge Realty Capital Ltd. of Illinois, an authorized FHA/MAP-approved lender.

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Raffa of Island Associates Real Estate leases 1,700 s/f to Tzanis Mental Health Group at 417 East Main St.

Islip, NY Robert Raffa from Island Associates Real Estate facilitated Tzanis Mental Health Group into 417 East Main St. – a 1,700 s/f office suite. The Tzanis Mental Health Group joins

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Columns and Thought Leadership

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing

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Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

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